Shell Asset Management Co. Has $299,000 Stock Holdings in EnerSys (NYSE:ENS)

Shell Asset Management Co. cut its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 57.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,231 shares of the industrial products company's stock after selling 4,334 shares during the quarter. Shell Asset Management Co.'s holdings in EnerSys were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of EnerSys by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company's stock worth $431,376,000 after purchasing an additional 90,670 shares during the period. Dimensional Fund Advisors LP raised its position in shares of EnerSys by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company's stock valued at $136,583,000 after buying an additional 13,104 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of EnerSys by 1.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock worth $122,262,000 after acquiring an additional 13,786 shares during the period. Deprince Race & Zollo Inc. lifted its stake in EnerSys by 13.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock worth $95,021,000 after purchasing an additional 121,758 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of EnerSys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock worth $78,801,000 after buying an additional 270,726 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of EnerSys in a report on Wednesday, May 14th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $117.50.

EnerSys Price Performance

ENS traded down $14.06 on Thursday, reaching $81.44. The stock had a trading volume of 2,070,882 shares, compared to its average volume of 294,465. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average of $89.92 and a 200-day moving average of $94.37. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.19. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. The firm had revenue of $974.80 million during the quarter, compared to the consensus estimate of $973.45 million. During the same quarter last year, the firm earned $2.08 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 13th. EnerSys's dividend payout ratio is currently 11.88%.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.